Ethereum Metropolis to start at 18/09

The Byzantine, first "iteration" of Metropolis hard fork will be integrated at block 1,700,000
17 September 2017   2619

Developers from Ethereum Foundation and members of open source community of ETH are ready to present the first iteration of the Metropolis hard fork proposal by 18th of September. This is reported by the ETHNews.

The Metropolis hard fork will be executed in tow steps. The first "iteration" is called the Byzantine. It is designed to minimize the actions of bad actors within the Etherum ecosystem. The Byzantine hard fork will be integrated into Ethereum’s testnet on block number 1,700,000, which could be as early as Sept. 18.

Main goal of hardfork is to achive more efficient, secure and robust infrastructure for decentralized applications (dapps) and developers.

SEC to Accuse Veritaseum ICO of Fraud

SEC believes that project's tokensale, thru which it raised $14.8M back in 2017-2018 had a signs of scam and company misled the investors
14 August 2019   410

The U.S. Securities and Exchange Commission (SEC) has sued New Yorker  and Veritaseum-related companies that have been caught by the agency in conducting an unregistered ICO with signs of fraud. It is reported by Cointelegraph.

According to documents published on the network, the SEC intends to hold Reggie Middleton accountable and immediately freeze the assets of Veritaseum Inc. and Veritaseum LLC.

The Commission claims that the defendants raised about $ 14.8 million through an initial coin offering (ICO) in 2017 - early 2018. At the same time, many investors were misled, as the company distorted information about the conditions of the token sale and deliberately hid some significant details.

The American regulator claims that the project still has about $ 8 million of illegally raised funds. According to the SEC, these assets must be frozen immediately.

Amid this news, the Veritaseum (VERI) rate has fallen by 70%. Now the coin is trading near the $ 5 mark, although at the beginning of 2018 its rate was approaching $ 500.

Veritaseum was created as a financial p2p platform, involving the movement of capital without traditional intermediaries. Also, VERI was positioned as a utility token for use in consulting services and access to various research works.

In 2017, Veritaseum blockchain startup fell victim to hackers, having lost $ 8.4 million from ICO investors.